Values Added Financial LLC Trims Stock Position in Tortoise Energy Infrastructure Corporation (NYSE:TYG)

Values Added Financial LLC decreased its holdings in Tortoise Energy Infrastructure Corporation (NYSE:TYG) by 22.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,716 shares of the financial services provider’s stock after selling 1,618 shares during the quarter. Values Added Financial LLC owned approximately 0.05% of Tortoise Energy Infrastructure worth $246,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of TYG. JPMorgan Chase & Co. purchased a new stake in Tortoise Energy Infrastructure in the fourth quarter valued at approximately $25,000. Comerica Bank grew its stake in shares of Tortoise Energy Infrastructure by 95.0% during the 4th quarter. Comerica Bank now owns 942 shares of the financial services provider’s stock valued at $40,000 after buying an additional 459 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Tortoise Energy Infrastructure by 756.6% during the 1st quarter. Farther Finance Advisors LLC now owns 1,225 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,082 shares during the last quarter. Spire Wealth Management raised its position in shares of Tortoise Energy Infrastructure by 68.9% in the 1st quarter. Spire Wealth Management now owns 1,611 shares of the financial services provider’s stock worth $69,000 after buying an additional 657 shares during the period. Finally, Quarry LP acquired a new position in Tortoise Energy Infrastructure in the fourth quarter valued at $82,000. Institutional investors and hedge funds own 32.50% of the company’s stock.

Tortoise Energy Infrastructure Price Performance

TYG stock opened at $43.56 on Thursday. The stock has a 50-day moving average price of $41.19 and a two-hundred day moving average price of $42.28. Tortoise Energy Infrastructure Corporation has a 12-month low of $33.09 and a 12-month high of $48.76.

Tortoise Energy Infrastructure Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, June 30th. Stockholders of record on Tuesday, June 24th were issued a dividend of $0.365 per share. This represents a dividend yield of 10.35%. The ex-dividend date of this dividend was Monday, June 23rd.

Tortoise Energy Infrastructure Company Profile

Tortoise Energy Infrastructure Corporation is a closed ended equity mutual fund launched and managed by Tortoise Capital Advisors LLC The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating in the energy infrastructure sector, with an emphasis on those companies that are engaged in transporting, processing, storing, distributing or marketing natural gas, natural gas liquids (primarily propane), coal, crude oil or refined petroleum products, or exploring, developing, managing or producing such commodities.